The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Motilal Oswal Mutual Fund
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BSE has received a disclosure under SEBI's Substantial Acquisition of Shares & Takeovers (SAST) Regulations, 2011 from Motilal Oswal Mutual Fund for Persistent Systems. Regulation 29(2) filings are triggered when an entity's shareholding crosses key thresholds (such as 5%) or changes by 2% or more beyond that level. The headline does not specify whether this is an increase or decrease in holding, nor the exact percentage moved. The filing confirms institutional activity around the stock that required regulatory reporting.
This is a routine compliance disclosure, not a corporate action. It signals that Motilal Oswal Mutual Fund has changed its stake materially enough to cross a SAST threshold, which retail investors may want to track but is unlikely to move the stock price on its own.